SJ Corp. faces a seasonal increase for its working capital and needs the full use of $ 100,000 for 90 days. The company is considering to forgo trade discounts. The firm buys its inventories on terms 5/30, net 90. The firm may not take discounts and the supplier does not impose penalty if payment is delayed by at most 30 days. What is the annual percentage interest cost of foregoing trade discount? Use 4 decimal places in computation.

SJ Corp. faces a seasonal increase for its working capital and needs the full use of $ 100,000 for 90 days. Interest rate is 10% with an 80% advance against the value of inventory pledged. The total warehousing costs charged by the third-party warehouse is a flat annual fee of $1,000 plus 1% of the value of inventory warehoused. There is sufficient inventory to pledge. What is the interest cost in pesos of this loan?